3. Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000 Retained earnings, January 1 3,350,000 Net sales and other revenue 15,000,000 Cost and expenses 10,000,000 Income tax expense 2,100,000 27,900,000 27,900,000 a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its book value per share? b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by P3 million while all other assets remain the same. How much is the liquidation value per share of Camille Corporation?

3. Below is the Statement of Financial Position of Camille Corporation for the year 2020. Cash 675,000 Accounts receivable (net) 2,695,000 Inventory 2,185,000 Property, plant, and equipment (net) 10,245,000 Accounts payable and accrued liabilities 1,800,000 Income tax payable 1,500,000 Deferred tax liability 750,000 Ordinary share (100,000 @ P15 per share) 1,500,000 Preference share (50,000 @ P20 per share) 1,000,000 Ordinary share premium 3,000,000 Retained earnings, January 1 3,350,000 Net sales and other revenue 15,000,000 Cost and expenses 10,000,000 Income tax expense 2,100,000 27,900,000 27,900,000 a. Supposed that the given values above are the accounting values of the Camille Corporation, what is its book value per share? b. Suppose that the market value of property, plant, and equipment of Camille Corporation increased by P3 million while all other assets remain the same. How much is the liquidation value per share of Camille Corporation?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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